Summary

Requires mortgage lenders and federal housing agencies to use standardized home energy reports in appraisals and loan underwriting, and to share those reports with borrowers. Appraisers must consider a home’s documented energy features when valuing the property. Borrowers get clear disclosures and, upon request, a free copy of any energy report used. Federal housing agencies must issue guidance and create an advisory committee to standardize how energy data is used across the mortgage process.

Key Points

• Makes home energy reports part of both appraisal and underwriting for mortgages.
• Qualified appraisers must consider energy report findings when valuing a home.
• Lenders must disclose use of energy reports and provide a free copy to borrowers on request.
• Federal housing agencies must issue guidance to standardize use of energy data.

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